U.S. economic recovery slows in 1Q

THE PACE of economic recovery in the U.S. slowed to 2.2 percent during the first quarter of 2012, according to data released Friday by the Bureau of Economic Analysis. To see a larger version of this chart, click HERE.

Motor vehicle output added 1.12 percentage points to the first quarter change in GDP, a growth from the 0.47 percentage points it added to the fourth quarter 2011.

Current-dollar GDP – the market value of America’s output of goods and services – increase 3.8 percent, or $142.4 billion, in the first quarter 2012, compared to an increase of $143.3 billion in the fourth quarter 2011.

The bureau emphasized that the first quarter numbers were based on incomplete source data and the more complete data would be released on May 31.

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